FORUMS > The Virtual Terrace > Hull KR's debts |
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| Quote: littlerich "So a club getting relegated would be promoted to SL? Not even the RFL are that stupid.'"
Wanna bet ?
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| Quote: SmokeyTA "Or Toulouse will be. Or no-one will be.
Widnes do need to do it if they want to be promoted. Not to me but to the RFL'"
A club will move up to SL from THE championship for 2012 , yes it could be Toulouse ? , but it wont , It will be Widnes , and they do not have to be better than any club IN SL to do so
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Quote: HULL KINGSTON ROVERS RLFC "Once again we are facing renewed rumour and speculation regarding our finances. All we have asked for is fair, balanced and accurate reporting. Unfortunately we continue to face unfair scrutiny motivated by a clear anti- Hull KR agenda that has persisted for more than 12 months despite our continuing best efforts to repeatedly and transparently answer any questions raised of us.
Pending legal proceedings by the club through their solicitors prevent us from commenting specifically on very recent local coverage. We have made losses year on year which have been our decision to incur to get the club to where it is now. Less than 4 years ago we were National league also-rans.
Super League status has required investment which we as a board have been prepared to underwrite. In that regard we are in the same position as many of our Super League rivals except we have started from a much lower base. Previous press statements made by the Chairman remain a fair, balanced and honest appraisal of the clubs financial position which you our supporters expect and deserve.'"
www.hullkr.co.uk/article.php?id=660
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Quote: HULL KINGSTON ROVERS RLFC "Once again we are facing renewed rumour and speculation regarding our finances. All we have asked for is fair, balanced and accurate reporting. Unfortunately we continue to face unfair scrutiny motivated by a clear anti- Hull KR agenda that has persisted for more than 12 months despite our continuing best efforts to repeatedly and transparently answer any questions raised of us.
Pending legal proceedings by the club through their solicitors prevent us from commenting specifically on very recent local coverage. We have made losses year on year which have been our decision to incur to get the club to where it is now. Less than 4 years ago we were National league also-rans.
Super League status has required investment which we as a board have been prepared to underwrite. In that regard we are in the same position as many of our Super League rivals except we have started from a much lower base. Previous press statements made by the Chairman remain a fair, balanced and honest appraisal of the clubs financial position which you our supporters expect and deserve.'"
www.hullkr.co.uk/article.php?id=660
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| Quote: EAST HULL RED "www.hullkr.co.uk/article.php?id
Seems what I've been hearing is true and I'm on the money.
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| i would agree that widnes are currently the biggest club outside SL however to say they are a better club than any club currently in SL is very difficult.
if promoted any team coming up from the championship can expect to either struggle to be competitive as celtic and salford have or spend a huge amount of money on players
this money has to come from somewhere, otherwise the competition will be diluted further due to a lack of competitive teams
i am sure no one associated with any non SL club would want to risk the clubs existence just to be in SL
there is more to rugby league than superleague
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| Quote: captaincaveman "i would agree that widnes are currently the biggest club outside SL however to say they are a better club than any club currently in SL is very difficult.
if promoted any team coming up from the championship can expect to either struggle to be competitive as celtic and salford have or spend a huge amount of money on players
this money has to come from somewhere, otherwise the competition will be diluted further due to a lack of competitive teams
i am sure no one associated with any non SL club would want to risk the clubs existence just to be in SL
there is more to rugby league than superleague'"
Can't disagree with any of that.
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| Quote: General Zod. "Back on topic.
Whilst at work yesterday, a fellow Rovers' fan said that whilst listening to the start of BBC Radio Humberside's Sports Talk programme on Tuesday night 29th Dec, David Burns allegedly stated he believed the HDM reports regarding Rovers to be £3M in debt to be "not right" having spoken to a figure "high up" at Rovers.
David Burns allegedly stated that he understands the HDM have based the £3M figure on "one sheet" and have not taken into account other factors such as £1M+ in season passes alone amongst other factors and he allegedly understands a more accurate figure to be around the £1M bracket.
Whilst David Burns loves his football, I do know he has a very good relationship with the Rovers board and Radio Humberside's track record in terms of it's accuracy of reporting of Rugby League is generally proven to be very accurate.
I like many others initially made the mistake of taking the £3M figure at face value which demonstrates that at this time, it is more important than ever that Rovers fans trust our Chairman and current in board and are not swayed by stories routed in the extraordinary pressures journalists face to fill column inches and of course the bitter and twisted across the river who will feed like parasites and leeches off such stories whilst they struggle to come to terms with their team and coaches' proven track record of continual and repetitive failure when it comes down to "walking the walk".
Whilst £1M of debt still isn't good reading (at face value) we have to understand that our debts have to be viewed in the context of the necessary investment that was needed as a promoted SL club and also operating at the maximum salary cap. I have total and complete trust in our Chairman and the Board in the direction they are taking the club and I hope my fellow Rovers fans' are too.'"
Do you live in some red and white jay induced haze? You have net liabilities of £3mill, with another £450k loss already announced for last season by your Chairman. You apparently have £1.5 mil in assets to offset these liabilities, but what assets do you have? You don't own the stadium, so can't claim that as an asset, no much how much you spend on it to get it up to the standard required, so what assets do hull Kr have worth that value?
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| Quote: Barnacle Bill "I don't think you can claim Huddersfield's recent increases in support to the stadium. They've been playing there for years. While I agree it seems that new stadia can boost attendance in the short term, I suspect mostly from people gawking at the building, there are clearly other factors equally as important as the stadium itself. And indeed, once the gawkers are in there needs to be something of (long term) interest,to encourage them to return.
Clubs are trying to get new grounds because they need to meet the 10 point criteria for the next round of franchises, which is why most of the new grounds are around 12,000 capacity or just over (that is one of the criteria)'"
the RFL have made better stadiums part of the criteria for a reason
better ground means more people will come and watch
originally hudds were going nowhere so the move to the new stadium didnt see an initial massive increase in gates.
but it certainly has played a big part in where they are today and their future
if hudds were playing at their old ground theyd be exactly the same as wakey, with limited crowd potential of 6000 - 8000
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| Quote: LyndsayGill "Make your mind up. Earlier in the thread you said Wakefield were "Hopeless".'"
any heartland club with 10 million pounds in sky money thrown at it will show some progress.
i think the 10 million wouldve been better spent elsewhere
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| Quote: GiantJo "Your figures are wrong. And the Giants gates did not jump hugely when they moved to the Galpharm. Likewise the Bulls and HKR have experienced very large increases in attendances in their 'old' stadiums.
furthermore Wigan are not a poor team (they may not dominate as they did in the 80s).
No one has said grounds do not make a difference. It has been suggested that attributing increased gates to grounds alone or mainly to grounds is stupid.'"
ill stick with attritbuting it mainly to new grounds
im guessing you are a fan of club with a s**t ground.
wigan had higher crowds when they were coming last than saints coming first. the ground plays a big part in both those situations.
its quickly becomming the rule in SL that the club without grounds that help them are starting to fall behind and the ones with new grounds are rising to the top
play in a ground which needs a lot of maintenance and you will fall behind, even bradford have shown it.
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| Quote: dally messenger "ill stick with attritbuting it mainly to new grounds
im guessing you are a fan of club with a s**t ground.'"
Are you aware what a dump Hull KRs ground is?
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| Quote: Ken Acker "Are you aware what a dump Hull KRs ground is?'"
the ground is improving.
and ive been to the ground, albeit not at a game
300,000 + pounds spent on improvements sounds good to me, with more to follow.
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| Quote: dally messenger "the ground is improving.
and ive been to the ground, albeit not at a game
300,000 + pounds spent on improvements sounds good to me, with more to follow.'"
As the saying goes "You can't polish a turd".
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| Quote: General Zod. "Seems what I've been hearing is true and I'm on the money.'"
Your comprehension skills are faulty.
The facts are in the public domain. The threat of legal action from KR appears to be based on the headline of the HDM piece in question apparently suggesting that the situation described in the 2008 accounts is [iexactly the same[/i as the situation now. It will be interesting to see how that stands up in court - if it ever gets that far.
You owed £3.16m at the end of FY 2008. You lost another £450k in FY 2009. These are indisputable facts. Offsetting assets against the amount owed is only useful if you can liquidate those assets, and even then you fall £1.5m short. The £1m from pass sales is operating income for FY 2010 and will have zero effect on your debt position unless you make a profit over the whole FY. As your chairman has stated that you need a 10k average gate just to break even, this seems unlikely.
Any way you want to look at it, the situation is far from ideal - as admitted by your chairman on a number of occasions.
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| Quote: dally messenger "ill stick with attritbuting it mainly to new grounds
im guessing you are a fan of club with a s**t ground.
wigan had higher crowds when they were coming last than saints coming first. the ground plays a big part in both those situations.
its quickly becomming the rule in SL that the club without grounds that help them are starting to fall behind and the ones with new grounds are rising to the top
play in a ground which needs a lot of maintenance and you will fall behind, even bradford have shown it.'"
Stick with what you like. I am glad you accept that your initial figures re gates were nonense. I am a long time Giants fan so I know plenty about our attendances. You may want to cal the Galpharm a poor ground, I disagree.
Your lack of understanding of gates and your need to pretend it is mainly down to grounds alone is duly noted. Wrong but duly noted.
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